A big, fat loophole

Published: June 17, 2021, 10:54 p.m.

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What if we told you there was a way to walk away from your debts with no financial consequences? There\\u2019s just one big catch.

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By 21, Anthony was on top of the world: He had a six-figure salary, a loft apartment and a car with heated seats. But when the 2008 recession hit, he lost it all. And in trying to climb back up the ladder, he landed himself in $200,000 worth of debt. That is, until he found a loophole that would let him avoid ever paying it back.

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For even more \\u201cThis Is Uncomfortable,\\u201d\\xa0subscribe to our newsletter! Each Friday you\\u2019ll get a note from Reema, a story from a listener and some recs from the Uncomfortable team. Sign up and read the latest issue at marketplace.org/comfort.

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\\u201cThis Is Uncomfortable\\u201d is Reema Khrais, Megan Detrie, Hayley Hershman, Peter Balonon-Rosen, Camila Kerwin and Serena Chow.

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